Qualcomm CEO says nothing new with Nokia dispute

RogerCheng

(Updates with additional information and executive comment in the last three paragraphs.)

NEW YORK (MarketWatch) -- Qualcomm Inc.
QCOM, -0.92%
Chief Executive Paul Jacobs said there was no progress in its dispute with Nokia Corp.
NOK, -0.70%

There was nothing new to discuss, Jacobs said during a late Wednesday conference call to discuss the company's fiscal second-quarter results.

Qualcomm is embroiled in a messy fight with handset giant Nokia over the value of their intellectual property. Both sides have lobbed lawsuits at each other, with no resolution in sight.

The San Diego company owns patents for technology that form the basis of a standard called code division multiple access - technology currently used by Sprint Nextel Corp.
S, -1.83%
and Verizon Wireless, owned by Verizon Communications
VZ, -1.96%
and Vodafone Group
VOD, -1.40%
But the fight is over how valuable that technology is when applied to a next-generation technology called wideband CDMA.

Shareholders have been on a rough ride over the past year. The stock is still slowly recovering after hitting a year-low of $32.76 in May. Shares have since been volatile, reacting to news of the latest lawsuit.

Jacobs expects the U.S. International Trade Commission to rule on its ongoing legal dispute with Broadcom Corp.
BRCM
no later than May 25.

The commission can reject, change or accept the administrative law judge's recommendation. Jacobs said he believes the commission will accept the determination that Qualcomm did not infringe upon two of three Broadcom patents, and shouldn't have its products banned from being imported.

Qualcomm recently won an arbitration decision against L.M. Ericsson Telephone Co. (ERIC) and its joint venture, Sony Ericsson, over a disagreement on the calculation of royalties paid to Qualcomm.

General Counsel Louis Lupin said there was little correlation between the Sony Ericsson dispute and the Nokia one.

Qualcomm earlier reported that its fiscal second-quarter net income rose 22% on higher sales of chips for handsets and licensing revenue from its technology.

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